Greenvale, NY asked in Business Formation for California

Q: Question regarding charity fund.

I am wanting to start a GoFundMe campaign for a concept in which donated money is invested by me (A single person, not a business or LLC/charity, etc) in places such as REITs. The profits are then donated to the homeless/needy. I would be stating in the campaign that upon donation, they agree that I cannot be held accountable for any legal issues (Basically they can't sue for any reason after donating). Is there any legal issue I should be worried about in this concept?

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1 Lawyer Answer
Ali Shahrestani,
Ali Shahrestani,
Answered
  • New York, NY
  • Licensed in California

A: That kind of release may be too broad to be effective. Consult with an attorney to guide you in the process and to advise you of the risks you're possibly facing. More details are necessary to provide a professional analysis of your issue. The best first step is an Initial Consultation with an Attorney. You can read more about me, my credentials, awards, honors, testimonials, and media appearances/ publications on my law practice website. I practice law in CA, NY, MA, and DC in the following areas of law: Business & Contracts, Criminal Defense, Divorce & Child Custody, and Education Law. This answer does not constitute legal advice; make any predictions, guarantees, or warranties; or create any Attorney-Client relationship.

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